Vitesse Semiconductor and Titan Logistics Announce Asia Logistics Agreement

11/25/2002 - Vitesse Semiconductor announced, to best serve its customers in Asia, it will offer local order fulfillment and logistic services of products to this region. Through an agreement with Titan Logistics, Vitesse is providing its EMS (electronic manufacturing services) and CM (contract manufacturers) customers with a dedicated source to meet their fulfillment needs. Local customer service representatives will be available to process orders, expedite shipments and monitor inventory requirements. All products for the region will be warehoused and shipped from Titan Logistics’ facility in Singapore.

“Vitesse is committed to worldwide customer service. By providing a centralized order fulfillment center, we can provide real-time response to our Asia-based customers and assist in streamlining their delivery of next-generation systems to market,” said Phil Richards, vice president of Channel and Partner Sales for Vitesse. “Working with Titan Logistic will be seamless to our customers. They mirror our high-standards for best-in-class service and on-time delivery.”

The agreement with Titan Logistics Corp. will serve Singapore, Thailand, Malaysia, Hong Kong and P.R.C. and will be expanded as required. The company is a wholly owned subsidiary of North American based distributor, Nu Horizons Electronics Corp. (Nasdaq:NUHC). Vitesse will begin distribution of products through Titan Logistics beginning December 2002.

“We are very pleased that Vitesse has chosen Titan as its logistics service provider in Asia,” said Jim Buzaid, vice president and general manager of Titan Logistics Corp. “Titan’s global supply chain model and systems platform will enable Vitesse to provide quality services to its customers in the region. We share a common vision that an efficient supply chain can make a significant impact in growing business globally.”

About Vitesse
Vitesse Semiconductor Corporation is a leading designer and supplier of innovative, high-performance integrated circuits (ICs) and optical modules used in next generation networking and optical communications equipment. The Company's products address the needs of Enterprise, Access, Metro, Core, and Optical Transport network equipment manufacturers who demand a robust combination of high-speed, high-service delivery and low-power dissipation in their products. In concert with its broad communications product portfolio, Vitesse also develops ICs for storage area networking and enclosure management.

About Titan
Titan Logistics Corp., a wholly owned subsidiary of Nu Horizons Electronics Corp. (NASDAQ:NUHC), provides global contract supply chain solutions. Titan’s information services, value-added capabilities and regional logistics centers enable its customer to service their global needs. Titan Logistics Corp. services Southeast Asia through its affiliate Titan Supply Chain Services, PTE.

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